Secretary for Financial Services & the Treasury Prof KC Chan attended the Lujiazui Forum 2016 today in Shanghai.
Speaking at the forum’s plenary session, Prof Chan highlighted Hong Kong's strengths in the opening up of the Mainland's financial markets.
He said Hong Kong has played a pivotal role in China's financial opening up, with the successful implementation of Shanghai-Hong Kong Stock Connect in 2014 being most influential. The launch of mutual recognition of fund arrangements last July was another milestone in the country's opening up of its capital markets.
He added that the implementation of Shenzhen-Hong Kong Stock Connect is the next possible move.
"Hong Kong has a role to play in China's financial opening up and it is important that more investment products will enter our markets while Mainland investors will make use of our unique market position to go global," he said.
Before the forum, Prof Chan signed an agreement with Shanghai Financial Services Office Director-General Zheng Yang to boost co-operation on financial markets, institutions, operation and products, talents, regulation and financial technologies.
He also toured Chuangzhi Tiandi, a multifunction community development project that facilitates innovation and entrepreneurship, and visited incubator platform InnoSpace to meet financial technology start-up representatives.
